Wednesday, October 17, 2007

Belgium is second most expensive for worker costs

Belgium need not be surprised that more and more manufacturing companies are locating all or part of their production to low-income countries. The country may well be in a prime logistic location and have well-trained workers, but the high salary costs continue to be a serious setback.

In this country a worker costs his employer EUR 34.19 per hour, including taxes and social security premiums. Only in Norway is the hourly rate per worker higher. This comes to EUR 38.07.

Other developed economies like Japan and the USA pay a lot less per hour than Belgium and its neighbours. In the USA, the hourly worker rate is EUR 23.94, while it is EUR 20.38 in Japan. READ ON

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